WFEAX vs. EAAFX

Last updated Aug 1, 2026

WFEAX (Allspring International Equity Fund) and EAAFX (Allspring Asset Allocation Fund) are both mutual funds - WFEAX is a Foreign Large Cap Equities fund managed by Allspring, while EAAFX is a Diversified Portfolio fund managed by Allspring. Over the past 10 years, WFEAX returned 7.49%/yr vs 7.71%/yr for EAAFX. Their correlation of 0.80 means they have usually moved in the same direction. WFEAX charges 1.13%/yr vs 1.04%/yr for EAAFX.

Performance

WFEAX vs. EAAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring International Equity Fund (WFEAX) and Allspring Asset Allocation Fund (EAAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFEAX achieves a 13.20% return, which is significantly higher than EAAFX's 7.16% return. Both investments have delivered pretty close results over the past 10 years, with WFEAX having a 7.49% annualized return and EAAFX not far ahead at 7.71%.

WFEAX

• 1D: 2.46%
• 1M: 1.42%
• 6M: 9.30%
• YTD: 13.20%
• 1Y: 26.60%
• 3Y*: 14.50%
• 5Y*: 8.26%
• 10Y*: 7.49%
• ALL TIME*: 4.43%

EAAFX

• 1D: 1.48%
• 1M: -1.73%
• 6M: 3.78%
• YTD: 7.16%
• 1Y: 15.96%
• 3Y*: 12.24%
• 5Y*: 6.20%
• 10Y*: 7.71%
• ALL TIME*: 5.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EAAFX Allspring Asset Allocation Fund	$0.00	$0.00	$0.00
WFEAX Allspring International Equity Fund	$0.00	$0.00	$0.00

WFEAX vs. EAAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFEAX Allspring International Equity Fund	13.20%	30.47%	0.07%	15.57%	-11.56%	5.80%	4.51%	15.00%	-17.18%	24.08%
EAAFX Allspring Asset Allocation Fund	7.16%	15.11%	10.65%	14.32%	-16.00%	13.38%	13.57%	19.77%	-9.58%	14.80%

Correlation

The correlation between WFEAX and EAAFX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998	0.80

The correlation between WFEAX and EAAFX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

WFEAX vs. EAAFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WFEAX

WFEAX Risk / Return Rank: 50
WFEAX Sharpe Ratio Rank: 54
WFEAX Sortino Ratio Rank: 51
WFEAX Omega Ratio Rank: 53
WFEAX Calmar Ratio Rank: 45
WFEAX Martin Ratio Rank: 48

EAAFX

EAAFX Risk / Return Rank: 55
EAAFX Sharpe Ratio Rank: 53
EAAFX Sortino Ratio Rank: 49
EAAFX Omega Ratio Rank: 50
EAAFX Calmar Ratio Rank: 68
EAAFX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WFEAX vs. EAAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring International Equity Fund (WFEAX) and Allspring Asset Allocation Fund (EAAFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WFEAX	EAAFX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.37	+0.09
Sortino ratio: Return per unit of downside risk	2.06	1.92	+0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	1.84	2.24	-0.40
Martin ratio: Return relative to average drawdown	7.03	7.33	-0.30

WFEAX vs. EAAFX - Sharpe Ratio Comparison

The current WFEAX Sharpe Ratio is 1.46, which is comparable to the EAAFX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of WFEAX and EAAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WFEAX vs. EAAFX - Drawdown Comparison

The maximum WFEAX drawdown since its inception was -60.66%, which is greater than EAAFX's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for WFEAX and EAAFX.

Drawdown Indicators

	WFEAX	EAAFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.66%	-34.17%	-26.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-6.44%	-6.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-9.94%	-4.19%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-22.36%	-6.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.36%	-25.55%	-20.81%
Current Drawdown Current decline from peak	0.00%	-3.23%	+3.23%
Average Drawdown Average peak-to-trough decline	-18.51%	-6.58%	-11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	1.96%	+1.34%

Volatility

WFEAX vs. EAAFX - Volatility Comparison

Allspring International Equity Fund (WFEAX) has a higher volatility of 4.41% compared to Allspring Asset Allocation Fund (EAAFX) at 3.63%. This indicates that WFEAX's price experiences larger fluctuations and is considered to be riskier than EAAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFEAX	EAAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	3.63%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	8.47%	+4.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	10.52%	+5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	11.23%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	11.16%	+5.34%

WFEAX vs. EAAFX - Expense Ratio Comparison

WFEAX has a 1.13% expense ratio, which is higher than EAAFX's 1.04% expense ratio.

Dividends

WFEAX vs. EAAFX - Dividend Comparison

WFEAX's dividend yield for the trailing twelve months is around 1.68%, less than EAAFX's 5.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EAAFX Allspring Asset Allocation Fund	5.36%	5.74%	8.41%	0.00%	6.53%	15.18%	3.85%	1.51%	8.51%	1.70%	1.58%	4.52%
WFEAX Allspring International Equity Fund	1.68%	1.73%	2.47%	1.95%	2.24%	1.61%	0.68%	2.11%	3.37%	3.34%	2.95%	1.29%

Frequently Asked Questions

Can I hold both WFEAX and EAAFX in my portfolio?

WFEAX and EAAFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFEAX or EAAFX?

WFEAX has higher volatility (4.41%) compared to EAAFX (3.63%). In terms of maximum drawdown, WFEAX dropped -60.66% vs EAAFX's -34.17%.

Which has better risk-adjusted returns?

WFEAX currently has the higher Sharpe Ratio (1.46 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.